The Sydney property market has become so out of control that the chances of Albert and I owning our own home is not even a dream.
The average income in Sydney is $47K. The average home price is $550K.
So I totally get where Yang Wu is coming from. If I had the chance to own my home I would be like Yang Wu and cling to it for dear life.
It’s quite sad becaue you know he is winning a losing battle. There is no way he is going to be able to keep his home.
The Rogue Royals 
Mar 26, 2007 @ 18:51:15
we’re lucky/naive enough to just dive in head first into the property market. we’re young, we’re expecting and we don’t have great jobs but we want something/anything to call ours in 20 years time.
i’ll be the Yang Wu of Sydney, when we move into our next home, i’m never going to leave.
Mar 27, 2007 @ 01:21:16
Yikes! And I thought housing was going up here! I can totally see why that is completely prohibitive!
Alyson